HS Icon Essential Oils in  Flag United States

2021
Exports | Imports
: $856M | $1.16B, World Rnk 1 / 198
Flag Rnk 271 / 1216 | World Rnk 1 / 216
Flag Rnk 345 / 1215

2020 - 2021
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $21.2M | $33.8M, Malaysia |  Argentina

2021
ECONOMIC COMPLEXITY of United States
: 1.46, Rnk 10 / 131

2021
PRODUCT COMPLEXITY IN Essential Oils
: -1.15, Rnk 873 / 1029

Exports In 2021, United States exported $856M in Essential Oils, making it the 1st largest exporter of Essential Oils in the world. At the same year, Essential Oils was the 271st most exported product in United States. The main destination of Essential Oils exports from United States are: China ($125M), Netherlands ($76.5M), Mexico ($60.8M), Canada ($58.9M), and Japan ($50.6M).

The fastest growing export markets for Essential Oils of United States between 2020 and 2021 were Malaysia ($21.2M), Ireland ($12.7M), and Mexico ($10.6M).

Imports In 2021, United States imported $1.16B in Essential Oils, becoming the 1st largest importer of Essential Oils in the world. At the same year, Essential Oils was the 345th most imported product in United States. United States imports Essential Oils primarily from: India ($224M), France ($114M), China ($91.4M), Brazil ($85.3M), and Mexico ($72.7M).

The fastest growing import markets in Essential Oils for United States between 2020 and 2021 were Argentina ($33.8M), India ($19.8M), and Mexico ($18.5M).

Tariffs In 2018, the average tariff for United States in Essential Oils was 1.18%. The countries with the highest import tariffs for Essential Oils were North Korea (Most Favoured Nation duty rate treatment, 2.01%), Cuba (Most Favoured Nation duty rate treatment, 2.01%), Burundi (Most Favoured Nation duty rate treatment, 1.67%), Democratic Republic of the Congo (Most Favoured Nation duty rate treatment, 1.67%), and Algeria (Most Favoured Nation duty rate treatment, 1.67%).

March 2023

Subnational Monthly Trade

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EXPORT GROWTH (March 2022 - March 2023): $-16.4M, (-21.3%)

IMPORT GROWTH (March 2022 - March 2023): $-19.3M, (-18.8%)

MAIN EXPORTER (March 2023): Florida, $18.4M

MAIN DESTINATION (March 2023): China, $7.31M

This section shows Essential Oils's exports and imports data at subnational level for United States. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Essential Oils over time.

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Historical Data

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EXPORTS (2021): $856M

IMPORTS (2021): $1.16B

NET TRADE (2021): -$308M

In 2021, United States exported $856M in Essential Oils. The main destinations of United States exports on Essential Oils were China ($125M), Netherlands ($76.5M), Mexico ($60.8M), Canada ($58.9M), and Japan ($50.6M).

In 2021, United States imported $1.16B in Essential Oils, mainly from India ($224M), France ($114M), China ($91.4M), Brazil ($85.3M), and Mexico ($72.7M).

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Flow

THE FASTEST GROWING Essential Oils EXPORT MARKETS FOR United States WERE (2020 - 2021):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Essential Oils BY United States WERE (2020 - 2021):

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Market Concentration

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In 2021, United States's main exporting competitors in Essential Oils were:

In 2021, United States's main importing competitors in Essential Oils were:

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